Rex International Holding, via its subsidiary Masirah Oil Limited, has announced that the drilling of three development wells at the Yumna field offshore Oman is now expected to begin in May 2026, later than previously planned.Masirah Oil, which operates Block 50 with a 100% interest, had earlier indicated that drilling could start in the first quarter of
EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.
Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.
Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.
The Philippines has received an assurance from Iran that it will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz
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